<u>Question 1</u>
The correct answer is: "FALSE".
The total revenue earned by a firm is computed using the formula:
R= price * quantity
According to the formula, if the term "price" increases, R would increase too. But an increase in price usually decreases the amount demanded by consumers of a certain product. Therefore, if quantity demanded drops in a higher proportion than the increase in price, the final total revenue would decrease. So the final effect depends on the size of the two variations.
<u>Question 2</u>
<u>The determinants of demand are the following:</u>
- Price: inversely related to the quantity demanded, as the larger the price the smaller the amount demanded of a product.
- Income of consumers: directly related. The larger the income earned by an economic agent, the larger the amount demanded of a normal good (there are exceptions, such as inferior goods, for which income and demand are inversely related).
- Prices of related goods of services. If two goods are substitutes, the increase on the price of one, decreases the amount demanded of that product but increases the amount demanded of the other product. It two goods are complements, the increase in the price of one good decreases the amount demanded of it, and the amount demanded of the other product too.
- Tastes or preferences of consumers. If a product is in line with the general preferences of consumers the amount demanded will be large.
- Market expectations. For example, if a price is expected to rise, consumers might prefer to buy now and therefore demand increases at the moment.
Answer: She must study even if she has no interest in being a performer or composer.
Explanation:
If Gertrude wants to work in an area related to music because it is one of her great interests, she must study to know what is involved in the world of music. Many people have the misconception that studying music is only related to being a singer or songwriter, but in reality, it is a much more complex process. Universities offer music as a career and there are specialties where the person can decide in which area of music they want to focus on.
There are people who take the path of being singers or composers and others decide to focus on the field of logistics and management. Music companies need people who not only know about music but how to keep the business, make contracts and keep everything in order.
The world of music goes beyond simply being in an environment where sounds, melodies, and songs are heard, there are logistics and processes that lead the musical industries that many studies entail.
Gertrude must carry out studies in the area of music not only for the purpose of interest, but having good academic preparation will serve to continue growing in this area. People prepared both in theory and in practice are more likely to grow at work.
Gertrude should not see studying music as simply the purpose of being a performer or composer, music is a career and many people who are behind the scenes are trained people, with studies in the area of music.
Answer:
Carnival simply means festival or funfair
<span><span>Yes, I believe Eisenhower's activities mirrored his
philosophy of dynamic conservation, his </span>dynamic conservatism expressed that he would be liberal with individuals,
however traditionalist with cash. He diminished government spending by lessening
military expenditure and attempting to control the TVA by setting up a private company to have its spot. </span>
